HgCapital Trust (LON:HGT) Stock Passes Below 200-Day Moving Average – What’s Next?

Shares of HgCapital Trust plc (LON:HGT) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 514.88 ($6.34) and traded as low as GBX 514 ($6.32). HgCapital Trust shares last traded at GBX 516 ($6.35), with a volume of 734,322 shares changing hands.

HgCapital Trust Stock Performance

The company has a quick ratio of 274.70, a current ratio of 131.50 and a debt-to-equity ratio of 6.58. The stock’s 50 day moving average is GBX 527.90 and its 200-day moving average is GBX 514.86. The company has a market cap of £2.34 billion, a PE ratio of 1,022.00 and a beta of 0.44.

HgCapital Trust Company Profile

HgT provides investors with a unique opportunity to participate in the growth in value of a portfolio of c.50 private companies sourced by Hg. Value is created through implementing an investment strategy focused on software and business service companies with resilient, recurring revenue streams and from leveraging the network and expertise of Hg to support management teams to deliver the full potential of their respective businesses.
With highly predictable and stable cash flows, the top 20 businesses (representing 76% by value of HGT’s investments) reported aggregate sales of £10.6 billion and EBITDA of £3.3 billion over the last 12 months, equating to an EBITDA margin of 31%.
Hg brings to HgT an experienced team of c.400 employees, including c.